World Bank Opens Fiscal Year 2025 US Dollar Benchmark Program with USD 2.7 Billion in SOFR Index-Linked Sustainable Development Bonds

https://www.worldbank.org/en/news/press-release/2024/07/17/world-bank-opens-fiscal-year-2025-us-dollar-benchmark-program-with-usd-2-7-billion-in-sofr-index-linked-sustainable-deve WASHINGTON, D.C., July 17 – The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) today priced two Sustainable Development Bonds, raising a total of USD 2.7 billion. The benchmarks included a USD 2 billion 3-year bond linked to the Secured Overnight Financing Rate (SOFR) index, maturing in June 2027, and a USD 700 million tap of an existing 7-year bond linked to SOFR index, maturing in February 2031.